Multiple Crypto-Currencies

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Blackcoin has a few very strong advantages going forwards against Bitcoin, Litecoin, and all the other Proof of Work coins.

It's the developmental leader of Proof of Stake, which cuts out the middlemen of Proof of Work, the miners, allowing holders of the coins to do the work and receive the benefits of mining instead. As can be seen in the bitcoin community at the moment, users and miners when separate can quite easily be at odds.

Another benefit of Proof of Stake is that it eliminates the competition for ever increasing processing power. Essentially, in Proof of Work, the lottery of who records each block goes randomly to someone who's mining.

It's a common misconception that PoW mining is meaningful work, it's random numbercrunching, it's purpose is to determine a random person to write each block in order to decentralize the network. Ironically the ever increasing competition in order to solve blocks has actually ultimately lead to the formation of pools, and the centralization of the network.

In Proof of Stake the number of tickets you have in the lottery of solving the next block is determined by how many coins you have staking. The probability of solving the next block is essentially however many coins you have staking over however many coins on the entire network are staking. As long as you stake you're actually beating inflation, which is a nice side effect of this method. Proof of Stake is not only a more elegant solution than Proof of Work, but yields more benefits to those who use and hold the coins.

Proof of Stake is also more scaleable, as blocktime is unrelated to security, and can simply be shortened to meet scaleabilty needs, something that Proof of Work cannot do. BlackCoin was the first Pure Proof of stake coin and is created on Feb , right now the Dev Janko released a lore wallet which raised the transaction speed which is already lightning fast.

And our fees are abnormally low compared to bitcoin. Active development and a list of side-projects such as Black Halo for smart contracts now to be included in Blackcoin core.

They just updated their wallet to support faster transaction times, faster syncing for fullnodes you need fullnode for staking and, as said, smart contract support. They also published a whitepaper PoS 2. They are traded on Bittrex. They been once prominent and very vivid but lost alot of this drive.

They have a rather high annual interest rate. I am unsure if their wallet is still developed tho, would stay away as of now. Build from scratch, active development, exchanges and community. Traded on Bittrex, small volume, small community. As with Mintcoin, it's not sure if a high interest rate won't rather damage the coin's value on the long run higher inflation and as with Mintcoin there been debates to lower the interest rate.

Website dead so I can't check further on their annual interest rate and implementation of PoS. Dut still some volume on Cryptopia. Was actually the first coin who introduced the idea of PoS in a whitepaper, but keeps dependent on PoW for Blockchain-anchoring called process.

Any reply would be incomplete. There are a LOT of coins in these categories. People are starting to find out about it now but give it a look. There are active devs updating the wallet and I think they want to add masternodes which I don't agree with. They are active in the discord chat. I would start out with atleast 5 million coins to have a good weight.

There is an issue with the peers data file but the discord chat has the fix listed out hence some of the upcoming wallet updates. Really appreciate you bring this to our attention. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future.

An interesting website I found: Thanks for bringing this to my attention. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. Personally I always use: Just wanted to share guys.. Authors get paid when people like you upvote their post. What coins are in the system of Proof of Stake?

Would you please give me some examples? Very tiny marketcap of 2m. It's also worth noting that Ethereum is going to proof of stake!